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in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into … different payment schemes is reducing the variability of performance in tournaments. We show that when the subjects choose to …
Persistent link: https://www.econbiz.de/10009401083
L'objectif de ce texte est, d'une part, de proposer une façon de lever la dualité ou contradiction mise en évidence par de nombreux commentateurs dans la théorie hayékienne de l'évolution et, d'autre part, de souligner les difficultés rencontrées par Hayek dans sa tentative...
Persistent link: https://www.econbiz.de/10010750962
This paper fills the gap between individual selection models and collective approaches of migration. We build a … theoretical model in order to account for household-based migration decisions and derive its implications on migrant selection … the one among its members who is to migrate, migrant selection in this case may differ from what is predicted by a pure …
Persistent link: https://www.econbiz.de/10010739025
Economists have traditionally been very cautious when studying the interaction between employment and health because of the two-way causal relationship between these two variables: health status influences the probability of being employed and, at the same time, working affects the health...
Persistent link: https://www.econbiz.de/10010820607
Variable pay not only creates a link between pay and performance but may also help firms in attracting the more … the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be … concentration of high skill workers in performance pay firms; (iii) however, in repeated interactions, efficiency wages coupled with …
Persistent link: https://www.econbiz.de/10008788998
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...
Persistent link: https://www.econbiz.de/10008790587
high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay … is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important … allowing subjects to self-select into different payment schemes helps in reducing the variability of performance in tournaments …
Persistent link: https://www.econbiz.de/10008790614
Variable pay not only creates a link between pay and performance but may also help firms in attracting the more … the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be … concentration of high skill workers in performance pay firms; (iii) however, in repeated interactions, efficiency wages coupled with …
Persistent link: https://www.econbiz.de/10008791578
high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay … is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important … allowing subjects to self-select into different payment schemes helps in reducing the variability of performance in tournaments …
Persistent link: https://www.econbiz.de/10008792126
This paper proposes a model of entrepreneurial turnover highlighting a non-monotone relationship between technological change and ability-biased sorting into entrepreneurial types. Entrepreneurial decisions are examined in a two-stage model under uncertainty in which entrepreneurs decide to...
Persistent link: https://www.econbiz.de/10008792589